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May 20, 2026
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AI data centre project approvals include land allotment, utility support, and major fiscal incentives for large-scale investment.
Andhra Pradesh approved allotment of 854.97 acres in Vizianagaram district to Reliance Industries Limited at a 25 percent discounted rate for a Giga-Scale AI Data Centre with a Cable Landing Station. The package includes non-fiscal support such as water provision for 20 years and a proposal to study a desalination plant, together with fiscal incentives including stamp duty and registration exemption, capital subsidy, SGST reimbursement, water tariff subsidy, power tariff subsidy, and cross-subsidy surcharge exemption.
May 20, 2026
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Tea sector financial stress deepens as rising costs, weak prices and climate pressure prompt calls for policy support.
Tea sector faces mounting financial stress despite record exports, as slow auction price growth, rising input costs, adverse weather, declining production and import pressure continue to affect estate viability. The association called for a minimum sustainable price mechanism linked to production cost, higher export support, restoration of orthodox tea incentives and relief for Darjeeling estates, including interest subvention on working capital.
May 20, 2026
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Loan recovery conduct norms bar mobile phone blocking by banks, while financed devices may face limited restrictions after default.
RBI has proposed revised conduct norms for loan recovery, including a bar on using technology-based blocking of a borrower's mobile device as a recovery tool, except where the device itself was financed by the lender. Even in financed-device cases, blocking is allowed only after the loan is 90 days past due and notice has failed to cure the default, and essential functions such as internet access, incoming calls, emergency SOS features and public-safety notifications cannot be disabled. Wrongful restriction must be reversed within one hour of cure, with hourly compensation payable until remedied.
May 20, 2026
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Virtual digital assets taxation draws scrutiny as lawmakers back continued tax treatment amid regulatory uncertainty.
A parliamentary finance panel expressed concern over large-scale investment in virtual digital assets such as cryptocurrency and supported continuation of tax on such digital transactions. The discussion focused on the absence of a specific regulatory law in India, differing international approaches to regulation or prohibition, and the need to examine stakeholder views before recommending a future course of action. Cryptocurrency transactions are already subject to income tax and GST, including a 30 per cent income tax on gains, a 1 per cent TDS on certain payments, and tax treatment of gifts.
May 20, 2026
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Constitutional protection and economic distress dominate Rahul Gandhi's allegations over governance, inflation, and electoral roll deletions.
Political remarks centred on allegations that the Prime Minister, the Home Minister and the RSS were undermining the Constitution, weakening public welfare measures, favouring select industrialists, and eroding constitutional guarantees such as equality, justice, public sector protections, an independent judiciary, free media, and one person-one vote. The speaker also linked these allegations to economic distress, warning of inflation, fuel and fertiliser shortages, disruptions in global oil supply, and hardship for ordinary citizens.
May 20, 2026
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Airport tariff regulation fixes user development fee and landing charges for a new airport's initial control period.
Tariff order for the Navi Mumbai International Airport fixed user development fee, landing charges and vehicle parking charges for the first control period on a differentiated basis for domestic and international passengers and flights. The regulatory determination also allows a Variable Tariff Plan for landing charges during the initial years and carries forward a portion of the Average Revenue Requirement to the next tariff cycle to moderate airport charges in the interests of passengers and airlines.
May 20, 2026
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GST framework deliberations on petrol and diesel inclusion focus on phased integration, state revenue protection, and fiscal balance.
Petrol and diesel should be considered for inclusion under the GST framework through structured and consultative deliberations in the GST Council. The representation relies on Article 279A(5) as envisaging the eventual inclusion of petroleum products within GST and urges fresh consideration in light of prevailing economic conditions. It proposes a calibrated framework, including a working group, transitional compensation support, a limited revenue-protection cess, and a formula-based fiscal stabilisation mechanism.
May 20, 2026
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Collateral-free personal loans with flexible tenure and digital processing support easier repayment planning and quick access to funds.
A collateral-free personal loan product offers flexible repayment planning, with tenure options ranging from 12 months to 108 months, to reduce monthly instalments and support budgeting for planned and urgent expenses. The product is offered through a fully digital application process with minimal documentation and quick approval, subject to eligibility and verification. It is available to salaried and self-employed individuals, with interest rates varying according to credit profile, eligibility, and repayment behaviour, and terms are communicated upfront to support informed borrowing.
May 20, 2026
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Toffee exports surge alongside renewed India-Italy trade ties and social media "Melodi" wordplay.
India's toffee exports were reported to have increased sharply over 12 years, rising from Rs 49.68 crore in 2013-14 to Rs 132 crore in 2025-26. The disclosure followed Italian Prime Minister Giorgia Meloni's public thanks for being gifted "Melody" toffees, reviving the "Melodi" wordplay online. The visit was also linked to efforts to strengthen bilateral cooperation in trade, defence, clean energy and technology.
May 20, 2026
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Prepaid payment instrument authorisation marks RBI-backed entry into regulated digital wallets, prepaid cards, and stored-value payments.
RBI authorisation has been granted to ZikZuk Technologies Private Limited to operate as a Prepaid Payment Instrument issuer under the Payment and Settlement Systems Act, 2007, placing the company under direct regulatory oversight in India's payments ecosystem. The authorisation enables regulated digital payment products, including digital wallets, prepaid cards, and stored-value solutions, within the PPI framework. The reported scope includes General Purpose PPIs, Special Purpose PPIs, and PPIs for Foreign Nationals and NRIs under the UPI One World framework.
May 20, 2026
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Transatlantic tariff deal secures tariff caps and trade stability amid legal uncertainty over US measures.
The European Union approved a tariff deal with the United States capping tariffs on most EU exports at 15 per cent and reducing tariffs on US industrial goods to zero, after intense internal debate and trilogue negotiations. European lawmakers added protections in case the United States backtracks, while the arrangement was presented as a way to preserve stability in transatlantic trade and provide business certainty. Concerns remained because US courts had questioned the legal basis for certain tariff measures.
May 20, 2026
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Asian Productivity Organization governance meeting in New Delhi to review Vision 2030, budget proposals and election procedures.
India is hosting the 68th Session of the Asian Productivity Organization Governing Body in New Delhi from 20 to 22 May 2026, with senior delegates, observers and invitees participating in annual governance discussions. The meeting will cover the APO Vision 2030 framework, the preliminary budget for the 2027-28 biennium, Secretary-General election procedures, election of the APO Chair and Vice Chairs, the Annual and Financial Report, budget proposals, institutional reforms and key policy and procedural recommendations.
May 20, 2026
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Political remarks and apology demand follow Congress MP's comments against top leaders, with talk of possible suo motu cognisance.
Political remarks made by a Congress MP against the Prime Minister, the Home Minister and the RSS drew strong criticism from BJP leaders, who described the language as politically immature and reflective of mental bankruptcy. The BJP demanded an unconditional apology and expressed concern over the use of such statements, while one leader suggested that the remarks could invite suo motu cognisance.
May 20, 2026
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Aadhaar identity proof dispute targets its use for citizenship, domicile, address and voter registration verification.
A public interest plea seeks directions that Aadhaar be used strictly as identity proof and not as proof of citizenship, domicile, residential address or date of birth. It also challenges its use in voter registration Form-6 as proof of residence and date of birth, contending that the existing verification mechanism is inadequate and calls for an overhaul of electoral verification, including a proposed high-powered monitoring committee.
May 20, 2026
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Entitlement Certificate process under Assam SGST reimbursement scheme covers online application, tracking, approval, and certificate download.
Application and online processing framework for grant of an Entitlement Certificate under the Assam Industries (SGST Reimbursement for Eligible Units) Scheme, 2021, including taxpayer profile creation, login, password management, application submission, document upload, acknowledgement generation, and status tracking through the departmental portal. The portal also provides a tracking facility based on acknowledgement number, year, month, or date of application, with status display against the application until approval. Upon approval, the user may download the Entitlement Certificate from the status page.
May 20, 2026
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GST reimbursement workflow requires taxpayer registration, annexure filing, certificate upload, refund application and online status tracking.
GST reimbursement under the Assam Industries (Tax Reimbursement for Eligible Units) Scheme is processed through the Commissionerate of Taxes portal by taxpayer registration, login and profile creation, including first-time password change and access to the dashboard. The portal directs the user to the relevant reimbursement workflow for the 2017 or 2021 scheme and enables selection of the appropriate annexures for filing. For reimbursement under the 2021 scheme, the taxpayer must complete Annexure-8 and Annexure-9 with unit particulars, eligibility and certificate details, exemption period and bank particulars, then upload the prescribed certificates and submit the application for jurisdictional approval.
May 20, 2026
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Digital signature certificate setup in GST portal requires Java, emSigner, token login, and certificate-based electronic signing.
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May 20, 2026
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Pan-India solar inverter distribution expands market access, service support, and adoption across residential and commercial rooftop segments.
Pan-India distributorship agreement was entered into for FIMER's string inverter portfolio, with Redington Solar appointed as the distribution partner to extend nationwide market access for solar inverter products. The arrangement is intended to strengthen reach across commercial and industrial customers, solar developers, EPCs, rooftop installers, and residential users, including support for 3KW and 5KW inverter solutions under the PM Surya Ghar initiative as well as other commercial inverter offerings. The partnership provides single-point distribution support covering product availability, competitive pricing, credit assistance, logistics, commissioning assistance, and after-sales service.
May 20, 2026
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Section 51 GST TDS applies to specified government deductors from 1 October 2018, requiring registration before payment to suppliers above the prescribed contract threshold. Intra-State supplies attract 1% CGST and 1% SGST, while inter-State supplies attract 2% IGST, with tax computed on the taxable value excluding GST and cess shown in the invoice. Deductors must maintain records, generate CPIN challans, deposit tax, file FORM GSTR-7 within ten days after month-end, and issue FORM GSTR-7A certificates.
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Tax deduction at source under the GST Act applies to specified government entities and public bodies making payment for taxable supplies above the prescribed threshold. The tax deductor must register online in FORM GST REG-07, deduct tax at the applicable rate from taxable supply value, deposit the amount through the GST portal by the due date, file monthly return in FORM GSTR-7, and issue FORM GSTR-7A certificate to the deductee. The guideline also covers treasury and non-treasury payment procedures, amendment of registration and return details, transitional cases, and default consequences including interest, late fee and penalty.

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PMLA / Black Money

Modi, Shah 'traitors' who sold Hindustan, alleges Rahul

May 20, 2026

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Raebareli/Amethi, May 20 (PTI) Congress leader Rahul Gandhi on Wednesday termed Prime Minister Narendra Modi, Home Minister Amit Shah and the RSS "traitors" who are "attacking the Constitution" every day and have sold the country's interests to select industrialists.

The strong allegations by the Leader of Opposition in Lok Sabha came on the second day of his visit to his constituency Raebareli. The BJP criticised his remarks as a reflection of his "anarchic mindset and character".

Gandhi while addressing a 'Bahujan Swabhiman Sabha' in Raebareli to commemorate local revolutionary Veera Pasi, appealed to the public, "You will have to stand up and fight. When RSS workers come to your homes and talk about Narendra Modi and Amit Shah, you must tell them that their prime minister, their home minister and their organisation are traitors. They have sold our Hindustan and attacked our Constitution, Ambedkarji and Mahatma Gandhi." Later addressing an event in Amethi, Gandhi referred to his remarks made earlier in the day at Raebareli and said, "I had said that Modi and Amit Shah are traitors. If someone weakens and destroys our Constitution, then what else should they be called if not traitors?" Taking on the RSS, he said, "They ask me to apologise. I will never apologise. I am not afraid of them." In Raebareli, Gandhi accused the prime minister of "attacking the Constitution 24 hours a day" by weakening MNREGA, not conducting caste census, and favouring select industrialists.

He also referred to Modi's recent appeal to cut down on fuel consumption, gold purchase, and foreign travel to warn of an "economic storm" coming our way. He slammed Modi for flying off on a five-nation tour right after his appeal to the people to refrain from going abroad.

"In the coming months, inflation will rise sharply. Prices of petrol, diesel, gas, food grains, everything will increase," he said.

Gandhi said the war between Iran and the US and Israel will lead to a major economic shock due to disruption in global oil supply. "You may have never seen such inflation in your lifetime." He said that fertiliser shortages will hit farmers and kerosene supply could be disrupted, but the economic impact would not affect "Ambani and Adani", only ordinary citizens.

The former Congress president alleged that before elections, people were assured that there would be no shortage of petrol and gas and that fuel prices would not rise, but that has changed now.

"Today, when petrol prices are rising, Ambani is exporting fuel outside India. He buys oil from Russia and sells it abroad, and that money is used to fund Narendra Modi," he alleged.

Gandhi said the government would not be able to protect the people from the coming crisis, the impact of which will be visible in two to three months.

"You will see Narendra Modi crying on television, just as he did during Covid and demonetisation, saying it was not his fault. But I am telling you that the fault lies with Narendra Modi, Amit Shah and the RSS because they destroyed the Constitution," he alleged.

Earlier, Gandhi said remembering Ambedkar, Veera Pasi, and Mahatma Gandhi was meaningful only if their ideology is protected. "Just folding hands before their statues is not enough. If you go out and act against their ideology, it has no meaning." He said India's ideals of equality and justice must be defended collectively.

"The Veera Pasis, Ambedkars and Gandhis of the 21st century will come from among you. They will not come from the sky," he said.

Criticising Modi further, Gandhi said he took "all the money from people's pockets and homes" away.

He alleged that the provisions of a public sector, reservation, and an independent judiciary enshrined in the Constitution have been "dismantled by Narendra Modi, Amit Shah and the RSS" and the idea of a free and independent media has been "finished" by these forces.

Modi has "handed over India's economic system" to Adani and Ambani and to the US, Gandhi asserted.

He accused the Union government of privatising the public sector and appointing RSS-linked vice-chancellors, who, he alleged, had little knowledge of science, history, or geography, and were chosen because of their ideological affiliation.

The Congress leader said that the Constitution, which guarantees one person-one vote, is being undermined through special intensive revision of electoral rolls, and deletion of "crores of votes".

"Those who do not vote for them are being removed from voter lists. The Constitution is under attack 24 hours," he said.

But the truth is now emerging and "no one will be spared", he added.

Gandhi said the Constitution is not an ordinary document, but one that carries the ideology of Ambedkar, Veera Pasi and Mahatma Gandhi. "It says India belongs to everyone, not to any caste, individual, billionaire or organisation." Gandhi said that in 2016 while demonetising big banknotes, Modi made an emotional appeal to the public and vowed to bring back black money, but little came out of it.

"He said 'hang me if black money is not eliminated'. But was black money eliminated?" he asked.

"During the lockdown, the PM said, migrant workers suffered immense loss, while loans worth lakhs of crores of rupees belonging to industrialists were waived.

"And now the same thing is going to happen again," Gandhi claimed.

He said slogans alone would achieve nothing as he urged people to protect the Constitution.

"Folding hands alone will not help. You will have to stand firm and fight," he said. PTI KIS/COR ZMN

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